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Project Hospitality 385 Housing Development Fund Corporation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 061599105 ✦ Staten island, NY ✦ Designated as a 501(c)(3)

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Overview

What is Project Hospitality 385 Housing Development Fund Corporation?

Project Hospitality 385 Housing Development Fund Corporation is a nonprofit organization situated in Staten Island, New York. Their primary mission is to offer comprehensive support to chronically homeless individuals. This support encompasses medical care, psychiatric assistance, case management services, nutritional support, and aid in securing suitable housing. By providing these essential services, Project Hospitality 385 Housing Development Fund Corporation aims to improve the lives of those in need, empowering them to regain stability and independence. With a dedicated workforce of 34 individuals, they strive to make a significant impact in their community.


Official website here: www.projecthospitality.org

What are the reviews and ratings of this charity?

Charity Navigator Rating 89% - Three-Star out of Four Stars .ating.

Project Hospitality 385 Housing Development Fund Corporation demonstrates strong accountability and financial health, earning a Three-Star rating from Charity Navigator. The organization is notable for having a fully independent board, comprehensive audit oversight, and a commendable program expense ratio of 92.30%, indicating that a significant portion of its funds is directed towards its programs.

The charity has robust policies in place, including conflict of interest and whistleblower policies, which contribute to its transparent governance practices. Notably, there are no reported issues regarding material diversion of assets, further highlighting its commitment to integrity in financial management.

However, the organization has a liabilities to assets ratio of 59.99%, which may indicate a moderate level of financial risk. While this is an area to watch, overall, Project Hospitality 385 appears to be well-managed and dedicated to fulfilling its mission effectively.


This AI summary has been generated from information found on Charity Navigator.

Is Project Hospitality 385 Housing Development Fund Corporation legitimate?

Project Hospitality 385 Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Project Hospitality 385 Housing Development Fund Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $822,164

For more financial information, click here


Official website here: www.projecthospitality.org

What is the mission statement of Project Hospitality 385 Housing Development Fund Corporation?

Project Hospitality 385 Housing Development Fund Corporation's mission is centered around providing essential services to the homeless population. They strive to offer comprehensive medical care, including psychiatric services, case management, and housing placement assistance for chronically homeless individuals. Furthermore, they provide food and nutrition services to ensure these individuals receive the necessary nourishment. The organization's goal is to offer a comprehensive solution to homelessness, aiming to improve the lives of those in need.


Official website here: www.projecthospitality.org

Who is the CEO of Project Hospitality 385 Housing Development Fund Corporation?

Jo Reyes is the Chief Financial Officer of Project Hospitality 385 Housing Development Fund Corporation. The CEO's salary of Project Hospitality 385 Housing Development Fund Corporation is $0 and their total compensation is $172,734.


Official website here: www.projecthospitality.org

What is the revenue of Project Hospitality 385 Housing Development Fund Corporation?

Project Hospitality 385 Housing Development Fund Corporation's revenue in 2022 was $1,700,167.


Official website here: www.projecthospitality.org

Who are the executives of Project Hospitality 385 Housing Development Fund Corporation and what are their salaries?

The average compensation at Project Hospitality 385 Housing Development Fund Corporation during 2022 was $24,181. There are 34 employees and 15 volunteers at Project Hospitality 385 Housing Development Fund Corporation.


Here are 6 key members and their salaries (Project Hospitality 385 Housing Development Fund Corporation's CEO's salary is $0 and their total compensation is $172,734):


Jo Reyes (Chief Financial Officer)
  • Compensation: $0
  • Related: $188,294
  • Other: $10,262
Terry Troia (Chief Executive Officer)
  • Compensation: $0
  • Related: $109,050
  • Other: $63,684
Ayo Odeyale (Deputy Chief Program Officer)
  • Compensation: $9,437
  • Related: $111,650
  • Other: $29,231
Aurelia Curtis (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Tesoriero (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Torres (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.projecthospitality.org

Where can I find the form 990 for Project Hospitality 385 Housing Development Fund Corporation?

Project Hospitality 385 Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.projecthospitality.org

Learn more at the official website: www.projecthospitality.org

Mission Statement of Project Hospitality 385 Housing Development Fund Corporation

Project Hospitality 385 Housing Development Fund Corporation is a dedicated nonprofit organization with a mission to provide comprehensive support for homeless individuals. Their primary objective is to offer medical care, psychiatric services, case management, food and nutrition services, and housing placement assistance for chronically homeless persons. By providing these vital services, Project Hospitality 385 works tirelessly to improve the lives of those who are most in need, offering them a pathway towards stability and recovery.

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Impact




July, 2024

Project Hospitality 385 Housing Development Fund Corporation's impact is evident in the lives of homeless individuals in Staten Island, NY. By providing comprehensive medical care, psychiatric care, case management services, food and nutrition services, and housing placement assistance to chronically homeless persons, this organization is actively addressing the complex needs of this vulnerable population. Through their dedicated efforts, Project Hospitality is not only offering immediate support but also fostering stability and hope for individuals experiencing homelessness. This tangible impact extends beyond just meeting basic needs, as it encompasses the vital aspects of health, well-being, and the opportunity for a fresh start.




This information is meant to be a general summary of Project Hospitality 385 Housing Development Fund Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,700,167 (2022)
Expenses
$1,670,354 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $4
  • Gross Receipts: $1,700,167

Assets and Liabilities:

  • Total Assets: $3,893,401
  • Total Liabilities: $2,228,105
  • Net Assets: $1,665,296

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Organization Details

Founding Year

2000

Principal Officer

Jo Reyes

Main Address

100 Park Avenue, Staten Island, NY, 10302

NTEE Category

Code: L20 - Housing

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